Which of these products is an example of perfect competition?

On January 1, 2016, Hess Co. purchased a patent for $1,904,000. The patent is being amortized over its remaining legal life of 1

levacccp [35]

Answer:

$1,305,600

Explanation:

Date of acquisition = Jan, 1 2016

Cost of purchase = $1,904,000

Initial useful life - 15 years

Initial amortization - 1904000/14

= $126,933

Date of review of amortization policy -2019

Accumulated amortization before 2019 -126,933.33*3=380800

Remaining useful years at December 2019 7

Amortization in 2019 =1904000-380800/7 =217,600

Carrying value at December 2019 = 1904000 - (380800 +217600) =1305600 Please note that change in amortization policy can only be applied progressively and not retrospectively

3 0

3 years ago

On January 1, Concord Corporation issued $4300000, 9% bonds for $3995000. The market rate of interest for these bonds is 10%. In

Serga [27]

Answer:

The correct option is D,$292,500

Explanation:

The unamortized bond discount is the balance of the bond discount left at the end of first year when that year portion of bond discount has been amortized.

In order to ascertain the balance of the unamortized bond discount,we prepare the bond schedule showing how much was amortized in the year as follows:

Bal b/f interest expense at10% coupon payment 9% Bal c/f

$3,995,000 $399,500 $387,000 $4,007,500

The amortized interest is the difference between the interest expense based on the cash proceeds and the coupon payment calculated on the face value of $4.3 million

amortized discount=$399,500-$387,000=$12,500

Total bond discount=$4,300,000-$3,995,000=$305,000

unamortized discount=$305,000-$12,500=$292,500

3 0

3 years ago

While asia represents an important source of u.s. imports, few export opportunities exist for u.s. firms to sell goods and servi

Stells [14]

The correct answer is false. It is because it is not true that there are only few exports that exist for U.S. firms to sell goods and their services to asian consumers as they are likely to expand their goods and services all throughout by which few exports doesn't seem to be true.

5 0

3 years ago

Read 2 more answers

Crane Company has the following sales data: August September October November December Cash Sales $4000 $5000 $6000 $7000 $16000

umka21 [38]

Answer:

<em>Collections for September is $ 57,100</em>

Explanation:

Computation of cash receipts for September

Collections from cash sales of September $ 5,000

Collections from credit sales of August - 57 % of $ 50,000 $ 28,500

Collections from credit sales of September 40 % of $ 59,001 <u>$ 23,600 </u>

Total collections for September $ 57,100

5 0

3 years ago

Which of the following management orientations holds that each country in a global marketplace is unique?

iogann1982 [59]

Answer:

Polycentric orientation.

Explanation:

The polycentric orientation, referring to the management of the global marketplace, is a market vision (and in a great sense also political) that establishes that there is no single central point in a globalized market, but that each country has a strategic importance in the different sectors market that most concern you. Thus, the idea of market leaders is rejected, but rather the idea of a fragmented market in different sectors, with varied leaders, is defended.

7 0

3 years ago